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HomeTrading IdeaBest Trading Ideas for Today |BUY & SELL|

Best Trading Ideas for Today |BUY & SELL|

BUY Trade: Becton, Dickinson and Company (BDX) – 235.55

Best Trading

Trade Details:

  1. This stock has fallen from top and it will try to recover now with the positive market sentiment.
  2. We can plan for a reversal towards the upper resistance zone around 240.
  3. If the market opens a Gap down then wait for the price to crosses above our entry price otherwise it may fall down again.
  4. Ignore this trade if this stock falls further after gap down opening.
  5. RSI is consolidating at lower levels and it may bounce again towards 70 levels.
  6. If it crosses above its moving average then you can hold this trade for next few days which will be bigger targets.
  7. Trail your stop loss at entry price after getting a 1:1 risk reward.
  8. Risk Reward 1:3+

    Trade, SL, and Target –

Entry = 235.55

Stop Loss = 234.98

Target = 240.72

Please note: Trade only if it crosses above the last day’s consolidation phase.

Bullish Trade: Insulet Corporation (PODD) – 164

Trade Details:

  1. This stock will try to bounce again towards the higher levels again.
  2. Volumes are increasing which shows the stock has strength of buyers.
  3. Currently trading at the lower support levels and a bullish hammer candle formation confirm the bullish strength in this stock.
  4. It will try to hit its moving average and will go further towards higher levels.
  5. Already shown a bearish momentum and must reverse towards higher levels from current price.
  6. RSI is trading in oversold zone and sure it will come to higher levels again.
  7. Risk Reward = 1:3.5+

Trade SL and Target –

Entry = 165.20

Stop Loss = 162.81

Target = 174.25

Please note: You can hold this for bigger target with the strict trailing stoploss. Enter into trade only if it triggers our entry price. This trade will run for a week.

Long Trade: RTX Corporation (RTX) – 89.67

  1. This stock is trying to give a reversal from the lower support zone.
  2. It is making a pattern and will try to give a breakout after consolidation.
  3. It may open gap down and will shoot up very quickly after opening otherwise it can fall further more.
  4. Trade only above the entry point otherwise it may reverse to the lower levels and continue in the same range.
  5. RSI is trading flat near 41 levels and it may go up again up to 70 levels.
  6. Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk reward on your trade.
  7. Risk Reward = 1:2.5

Trade SL and Target –

Entry = 89.62

Stop Loss = 89

Target = 90.74

Please note: This stock is trading at strong support levels. If market sentiment supports then it may give a good bounce towards 91

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